Business
eWellness 2017 Results & Views Towards 2018
eWellness 2017 Results & Views Towards 2018.
About this update from Ewellness Healthcare Corp
[{"type":"text","content":"\n\n \n Culver City, CA, April 02, 2018 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation – (OTCQB: EWLL) – a provider of the state of the art PHZIO platform for the physical therapy and telehealth markets, announced the Company’s 2017 results in their Form 10-K filing last Wednesday March 28, 2018. Please see the Companies 10-K filing at: https://www.sec.gov/Archives/edgar/data/1550020/000149315218004022/form10-k.htm In regards to the Company’s financials it should be selectively noted that Derivative Liabilities were reduced from $8,473,265 in FY 2016 to $1,140,578 in FY2017. The Company’s Net Loss was significantly reduced from ($12,460,694) in FY 2016 to ($1,032,891) in FY 2017. This was equal to a Basic (loss) Per Share of ($0.01) in FY 2017 versus ($0.51) in FY 2016. Paid in Capital increased from $5,757,205 in FY2016 to $13,178,131 in FY2017. Darwin Fogt, President and CEO said: “eWellness is a leader in digital telehealth and wellness. In 2017, we successfully executed and delivered on system updates and expanded our robust PHZIO telehealth platform. This was the first year of a new five-year plan to transform the physical therapy and wellness industries into the digital age, that will bring better patient care at lower treatment costs. Although we remained pre-revenue throughout the year, we are anticipating initial revenue generation during the second quarter of 2018. All this makes us confident to deliver value for our clients, shareholders and stronger financial objectives in 2018.\"  Douglas MacLellan, Chairman said: “In the telehealth and med-tech spaces always look for an innovator not a follower. eWellness has built the first insurance reimbursable one-to-many telehealth platform for the nearly $40 billion physical therapy and corporate wellness industries. When investors consider an investment telehealth and med-tech, it's generally better to look for companies like eWellness that are dedicated to new technologies and innovation. New products typically offer better performance (better outcomes for patients and easier for the health practitioners to use) and those improvements typically command a premium price and drive market-share shifts to these new products. We continue to anticipate that 2018 will be the year that our PHZIO platform will gain strong mark...